Business
Banking & finance
Updated
Coal
‘Big mountain to climb’: Macquarie chief says Australia behind on EV transition
Chief executive Shemara Wikramanayake called on industries with large transportation fleets, such as the mining sector, to convert to electric vehicles.
- by Charlotte Grieve
Latest
Financial giants caught up in India’s brutal pandemic wave
About 13,000 kilometres east of Wall Street, on a stretch of Bangalore’s Outer Ring Road, sits what was once the heart of the global financial industry’s back office.
- by Saritha Rai
Aware Super CEO says proxy war could push up fees for members
The government’s fresh assault on proxy advisers could push up fees for members, according to the head of the country’s second largest super fund.
- by Charlotte Grieve
Updated
Big four
‘Very strong’: NAB chief says regions fuelling loan growth
As farmers benefit from an end to the drought and city dwellers opt for a tree change, NAB is seeing record growth in demand for business loans across regional Australia.
- by Charlotte Grieve
Opinion
Dividends
Yes, bank dividends are back but let’s not party like it’s 2019
Banks haven’t let the COVID crisis go to waste, taking the opportunity to cut their payout ratios to shareholders happy to grab what they can.
- by Elizabeth Knight
QBE chairman defends climate stance after protest vote
QBE Group chairman Mike Wilkins has vowed the insurer will work with oil and gas producers after copping a 21.4 per cent protest vote over its policy on exposure to the sector.
- by Clancy Yeates
Opinion
Insider trading
How Westpac found itself in the frame for alleged insider trading
While ASIC does not characterise it as a test case, a win for the regulator could open a can of worms for others that inhabit this arcane market.
- by Elizabeth Knight
Updated
Big four
‘Positive surprise’: ANZ becomes latest bank to boost dividend
ANZ’s decision to pay shareholders a 70 cent per share dividend exceeded analysts expectations. But its pledge to boost investments has scared some investors.
- by Charlotte Grieve
Opinion
Big four
For ANZ and its peers it’s like the pandemic never happened
ANZ’s interim results show few pandemic scars, leaving it apparently overcapitalised and able to contemplate big returns to shareholders. But it’s too early to declare victory.
- by Stephen Bartholomeusz
Westpac hit with insider trading allegations over Ausgrid privatisation
ASIC alleges that Westpac traded knowing it would be selected by the successful bidders IFM and AustralianSuper to help arrange elements of the deal.
- by Sarah Danckert
ME Bank redraw breaches ‘serious and systemic’
ME Bank has been named and shamed by an industry body over last year’s bungled changes to redraw accounts.
- by Clancy Yeates